GBP USD Technical Analysis 21 January 2021
GBP USD Technical Analysis: The GBP rose 0.16% against the USD on Wednesday and closed at 1.3650. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3709, which is 0.43% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3625 and a fall through could take it to the next support level of 1.3610 The pair is expected to find its first resistance at 1.3720 and a rise through could take it to the next resistance level of 1.3760. Today’s expected trading range is between 1.3575, support and 1.3800 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3625
Support 2: 1.3610
Support 3: 1.3575
Important resistance levels:
Resistance 1: 1.3720
Resistance 2: 1.3760
Resistance 3: 1.3800
GBP/USD buying opportunity for intraday trading on January 21, 2021
Buy near the support zones 1.3625 and 1.3610 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
GBP/USD selling opportunity for intraday trading on January 21, 2021
Sell near the resistance zones 1.3720 and 1.3760 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.